3 oct 2013

Rosia Montana Gold Corporation (RMGC) has so far invested $30 million in the national patrimony in Rosia Montana and will allot extra $70 million for patrimony research in the area, RMGC general more

2 oct 2013

Romanian carmaker Dacia’s new car registrations in Germany fell 18.7% in September to 2,691 units and the overall German car market shrank 1.2% to 247,199 units, German car registration office KBA more

2 oct 2013

The Romanian advertising market will fall 3.6% in 2013 and the only segment to register an increase is Internet advertising, according to the latest report by Zenith Optimedia - Advertising more

2 oct 2013

Romania’s Government said Wednesday it has approved a new Insolvency Code. more

2 oct 2013

Beef exports of Romanian meat processor Doly-Com Botosani accounted for about 40% of the company’s total turnover at the end of September, up from 30% in 2012. more

2 oct 2013

The Bucharest stock exchange closed up Wednesday in quiet market and amid low liquidity, secured mainly by Fondul Proprietatea (FP.RO), Transelectrica (TEL.RO) and BRD (BRD.RO). more

2 oct 2013

Romania’s energy market regulator ANRE capped at 8.5% from 10% the rate of return (ROR) on investments made by electricity distributors and may increase it by 0.5 percentage points if distributors more

2 oct 2013

Romania’s Government Wednesday approved a bill to apply a lump-sum tax in the hospitality industry and the auto services sector starting 2014. more

2 oct 2013

A Spanish-held company is developing a block of flats in central Bucharest, in an investment worth EUR2 million, real estate firm G3 Imobiliare, the promoter of the project, said in a statement more

2 oct 2013

Three consortia filed bids to advise on the sale of Romania’s state-run energy holding CE Hunedoara, the country’s Department for Energy, the majority shareholder of the company, said Wednesday. more

1 oct 2013

Greek fashion retailer Sprider Stores Tuesday closed its store network in Romania after its local subsidiary went bankrupt in July. more

1 oct 2013

The Bucharest stock exchange fell 0.41% Tuesday and its 30.7 million lei (EUR6.9 million) overall turnover was mainly secured by investment fund Fondul Proprietatea (FP.RO), through share transfers more

1 oct 2013

German auto group Continental Tuesday inaugurated a fuel pump plant in industrial park Ghimbav-Brasov, central Romania, following a EUR40 million investment. more

1 oct 2013

The Bucharest Court of Appeals has overruled a claim filed by Rompetrol Downstream, the fuel distribution unit of oil group Rompetrol, to have a 160 million lei (EUR37.8 million) fine applied by more

1 oct 2013

Romanian lender Banca Comerciala Carpatica Tuesday elected three Supervisory Board members extending the mandates of two of its old members, Nicolae Petria and Doina Toader. more

1 oct 2013

Morgan Stanley, the largest bank by assets in the United States, has increased its stake in Romanian investment fund Fondul Proprietatea (FP.RO) to over 5% and has become the second largest more

1 oct 2013

Romanian building materials producer AdePlast, owned by businessman Marcel Barbut, will use the money raised from its initial public offering to build a basalt fiber plant, a project estimated at more

1 oct 2013

Romanian carmaker Dacia’s new car registrations in France rose 7.3% in the first nine months of 2013 to 65,291 units, while the overall French car market shrank 8.5% to 1.31 million units, according more

30 sep 2013

SSIF Broker (BRK.RO) said Monday it has taken over about 380 clients, with assets worth 54 million lei (EUR12 million), from brokerage firm Avantgarde Finance, which will cease operations. more

30 sep 2013

Hungarian pharmaceutical company Gedeon Richter has invested over $50 million in Romania since 1998, when it bought medical drug producer Armedica in Targu Mures. more

30 sep 2013

The Bucharest stock market closed down Monday and the bourse’s liquidity rose to RON211 million (EUR47 million), mainly supported by several special deals. more

30 sep 2013

Romanian building materials producer AdePlast expects to raise as much as EUR15 million from its initial public offering scheduled for launch on October 2, the brokers running the deal said Monday. more

30 sep 2013

The Corporate Finance & Investment Banking department of Romanian lender Banca Comerciala Romana (BCR) is offering consulting services for five transactions worth approximately EUR250 million, which more

30 sep 2013

Investments in photovoltaic parks in Romania were 3.5 times lower in July compared with the previous month after Romanian authorities changed an aid scheme supporting green power producers. more

30 sep 2013

Office space demand by midcap companies in Romania rose 14% in the first nine months of 2013, and 54% of them are disposed to pay monthly rent of up to EUR11/square meter, according to real estate more